WEST PALM BEACH, Fla., Dec. 02, 2022 (GLOBE NEWSWIRE) — Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to mid-market companies, is pleased to announce that it has acted as administrator for a senior secured credit facility (the “Funding “) to CheckedUp (the “Company”), a New York-based digital health solutions provider, in support of the Company’s acquisition of Health Media Network (“HMN”), a Norwalk, Connecticut, digital health solutions provider and wellness content. The funding will also be used to support future growth of the combined platform. CheckedUp is a portfolio company of Rockbridge Growth Equity, a Michigan-based private equity firm focused on the middle market.
The acquisition brings together two of the leaders in point-of-care digital patient education with complementary reach across a diverse set of medical specialties, hospital and healthcare systems, independent care organizations and businesses across the country.
“Comvest is pleased to leverage our deep expertise in the healthcare industry and knowledge of the dynamics of the sector in structuring a significant need-based credit facility to help finance CheckedUp’s acquisition of HMN. In addition, Comvest has provided deferred drawdown commitments for future growth of the business,” said Tom Goila, Partner at Comvest and co-head of the healthcare group.
“We are excited to have the opportunity to once again work with Rockbridge Growth Equity on a significant transaction with a technology-focused portfolio company,” said Joe Higginbotham, Principal at Comvest. “We look forward to continuing to expand our relationship with the Rockbridge team and to supporting CheckedUp as the company continues to expand its footprint, technologies and programs to reach an even broader group of healthcare professionals, caregivers and patients.”
About CheckedUp
CheckedUp is a physician-founded digital patient education company that actively engages patients,…
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